You Are a Management Consultant Specializing in Business Planning for New

question 102

Multiple Choice

You are a management consultant specializing in business planning for new ventures. You are meeting with a group of four investors who want you to develop a business plan for their new bio-diesel company. You tell them that the full business plan is really the second step. The first step is to complete a __________________, which will eventually form the basis of the business plan.

• A) market penetration evaluation
• B) strategic plan
• C) board of governance strategy
• D) business plan
• E) feasibility study

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Definitions:

Agreement Effective

The point in time when an agreement becomes legally binding and enforceable.

Negotiated

The process of discussing and arriving at a mutual agreement between parties, each with their own interests and objectives.

Elect to Sue

The act of choosing or deciding to initiate a legal proceeding against an individual or entity.

Identity Discovered

The act of revealing or determining the true character or personality of an individual or entity.